Business & Finance: Seven Thousand Tons of Silk

To an end last week came Japan's great attempt to stabilize the silk market in the same manner the U. S. Farm Board has attempted to stabilize grains and cotton. The great Japanese surplus of 108,000 bales (14,144,000 Ib.) which has overhung the world's silk markets for many months was sold to E. Gerli & Co., Manhattan silk commission merchants, for $16,320,000, a sum which will come in handy for the war-worried Japanese Government. The price came to $150 a bale against an open market price of...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!